Bank of Canada increases policy interest rate by 50 basis points, continues QT

The Bank of Canada (BoC) increased its target for the overnight rate to 1½% on Wednesday, with the Bank Rate at 1¾% and the deposit rate at 1½%. The Bank is also continuing its policy of quantitative tightening (QT). According to a statement from the BoC: “Inflation globally and in Canada continues to rise, largely … Continue reading Bank of Canada increases policy interest rate by 50 basis points, continues QT